A strategic policy cycle for inclusive growth
Now that all the CORA measures are being executed, it is time to make an overall assessment of the project and try to move toward a longer term planning horizon, looking out over 20, 30 or 40 years, to see what trends are emerging as influences on policy development. With the beginning of a new parliamentary term, the new Spanish government could move forward towards reforms with greater impacts, but that may also require more resources (financial, political, etc.). Box 1.5. explains the OECD framework for a strategic policy cycle.
Box 1.5. A strategic policy cycle for inclusive growth
Assessment focuses on outcomes that matter for well-being.
Responsive changes are made based on a beneficiary assessment of services and service providers.
Comprehensive evaluation, including from independent institutions, informs new inclusive growth policy packages.
Key national indicators translate societal priorities in whole-of-government outcomes, guiding goals and performance targets.
Figure 1.4. Strategy policy cycle
Source: OECD (2015b), “Policy shaping and policy making: The governance of inclusive growth”, Background report, GOV/PGC (2015)20, OECD, Paris.